So you want to buy a Smallholding
So you want to buy a smallholding
Is a lifestyle change on the cards? Perhaps you just want a bit more space and the opportunity to become more self-sufficient with the rising costs of living. Whatever the reason for wanting a smallholding, there are a few things to consider before you take the plunge.
Your skills and abilities
Let's get one thing clear from the beginning, owning a smallholding and managing it responsibly is not for the faint of heart. If you are able to buy a smallholding that’s already in a well-managed state (and that’s a big if and likely to be budget dependent), it will take a lot of hard work and determination to keep it that way. Do you have the time to invest in it? Think too about your health, current skill level, and desire to learn. If you are not willing and/or able to take on a lot of the work yourself, then you will very quickly find that owning a smallholding is an expensive investment.
Finances
Buying a smallholding is not a get rich quick scheme. It is a long-term investment that will probably take a lot of time and money to make it what you want it to be. Those with a larger budget will find it easier to purchase a property that is already in a well-kept state and has everything they want. If you are more like us and wanted to make your smallholding dream a reality but didn’t have hundreds of thousands in your bank account, then you will have to make some sacrifices. Our sacrifices were buying overgrown and unmaintained land and a rundown house that will take time, money and hard work to get it to where we want it to be.
Basic requirements
Living rurally in the peace and quiet surrounded by nature is a big draw for many, but what makes you want to buy a smallholding vs an average three bed in a more rural location? Chances are that you have big plans for your land, whether this be keeping animals, growing crops or any other business opportunity.
This is where you need to start. Once you have a plan for your smallholding, you will know what you need to look for. For example, if you want to keep animals, how much space do you need? Do you need outbuildings? What type? What type of ground/terrain is more or less favourable? What about the climate? Similar considerations apply if you want to grow fruit, vegetables, and other crops.
Prioritise
As with any house purchase, you will need to prioritise what is important to you. My priority was the land, both type and amount and outbuildings that had versatility. Location was less important, as was what state the house was in. Keep an open mind though, as you may find that your priorities change as you look at more smallholdings.
Viewings
My top tip is to look at as many smallholdings in person as you can. Don’t restrict yourself to those that you think only fit your strict priority list either. It can sometimes be difficult for estate agents to capture everything a smallholding has to offer in an advert or brochure. You will learn a lot from seeing lots of different types of smallholdings, and you may find that it will reshape your priority list and your basic requirements. We looked at approximately 20 different smallholdings in a variety of locations before we settled on our current property. Consider smallholdings outside of your budget too. It can be hard to value a smallholding; we saw many that were originally overpriced where the owners were flexible the longer it was on the market, so you may be able to get yourself a good deal.
Support
I would recommend looking at joining your local smallholders' association for help and support on your smallholding journey. There are associations all over the UK, and they only ask for a small membership fee in exchange for introducing you to other smallholders and putting on events where you can learn the skills you need to manage and look after your smallholding.
Useful Links:
Here’s our local association if you are based in Wales: https://dyfedsmallholders.com/